Bullish Moving Average Cross by Norfolk Southern (NSC)

Written on Wed, 07/18/2018 - 10:32am

By David Diaz

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $156.67 on a volume of 645K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Norfolk Southern share prices have been bracketed by a low of $111.44 and a high of $160.86 and are now at $160.33, 44% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.56% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Norfolk Southern and will alert subscribers who have NSC in their portfolio or watchlist when shares have changed trend direction.